UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.51 Million Holdings in Marten Transport, Ltd. (NASDAQ:MRTN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Marten Transport, Ltd. (NASDAQ:MRTN) by 16.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 96,634 shares of the transportation company’s stock after buying an additional 13,957 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.12% of Marten Transport worth $1,508,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Barclays PLC grew its position in Marten Transport by 140.3% during the 3rd quarter. Barclays PLC now owns 136,498 shares of the transportation company’s stock worth $2,416,000 after acquiring an additional 79,689 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Marten Transport by 1.4% in the fourth quarter. Rhumbline Advisers now owns 214,022 shares of the transportation company’s stock valued at $3,341,000 after buying an additional 3,003 shares during the last quarter. Handelsbanken Fonder AB lifted its position in Marten Transport by 16.2% during the 4th quarter. Handelsbanken Fonder AB now owns 17,179 shares of the transportation company’s stock worth $268,000 after buying an additional 2,400 shares in the last quarter. Northern Trust Corp grew its holdings in Marten Transport by 4.5% during the 4th quarter. Northern Trust Corp now owns 933,776 shares of the transportation company’s stock worth $14,576,000 after acquiring an additional 40,237 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its holdings in Marten Transport by 64.1% during the 4th quarter. Nuveen Asset Management LLC now owns 432,775 shares of the transportation company’s stock worth $6,756,000 after acquiring an additional 169,057 shares during the last quarter. Institutional investors and hedge funds own 69.12% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of Marten Transport from a “hold” rating to a “sell” rating in a report on Thursday, May 22nd.

Marten Transport Stock Down 0.2%

Shares of MRTN opened at $13.00 on Monday. The stock’s fifty day simple moving average is $13.18 and its 200-day simple moving average is $14.64. The firm has a market capitalization of $1.06 billion, a PE ratio of 38.24 and a beta of 1.00. Marten Transport, Ltd. has a 12-month low of $12.52 and a 12-month high of $19.26.

Marten Transport (NASDAQ:MRTN) last issued its earnings results on Wednesday, April 16th. The transportation company reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. Marten Transport had a net margin of 2.79% and a return on equity of 3.52%. The company had revenue of $223.15 million for the quarter, compared to analyst estimates of $228.79 million. Analysts anticipate that Marten Transport, Ltd. will post 0.41 EPS for the current year.

Marten Transport Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Friday, June 13th. Marten Transport’s payout ratio is 88.89%.

Insider Activity

In related news, Director Jerry M. Bauer purchased 20,000 shares of the stock in a transaction dated Monday, April 28th. The stock was bought at an average cost of $12.88 per share, with a total value of $257,600.00. Following the purchase, the director now directly owns 176,444 shares in the company, valued at $2,272,598.72. The trade was a 12.78% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 22.90% of the stock is currently owned by company insiders.

Marten Transport Profile

Marten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United State, Mexico, and Canada. The company operates through four segments: Truckload, Dedicated, Intermodal, and Brokerage. The Truckload segment transports food and other consumer packaged goods that require a temperature-controlled or insulated environment, as well as dry freight; and regional short-haul and medium-to-long-haul full-load transportation services.